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Running for 12 weeks, from June 21 until September 9, the project will bring together leading contemporary artists and fashion designers to produce nine one-off works of art.

Giles Deacon and Jeremy Deller

Surprisingly, only one pairing has created a wearable garment for the project - Giles Deacon and Turner Prize-winning conceptual artist Jeremy Deller. The pair have created a full-body running suit with flowing train, accompanied by a leather-lashed staff and a crested headdress of leaves and feathers. Taking inspiration from a William Morris-designed stained glass window to create the striking print, Deacon and Deller have also created accompanying marathon blankets, badges and other items which will be handed out to runners and spectators at the Olympic Games this summer.

Charming Baker and Paul Smith

Meanwhile, Paul Smith has indulged his life-long passion for cycling with his piece entitled 'Triumph in the face of absurdity 2012'. Created in collaboration with the delightfully-named Charming Baker, the cast aluminium sculpture depicts a tiny mouse effortlessly balancing a life-sized bicycle to symbolise the possibility of achieving even the most impossible dreams if you have inner strength and passion.

Mat Collishaw and Matthew Williamson

Matthew Williamson has teamed up with Mat Collishaw to finally realise a long talked about collaboration. Choosing to update one of the artist's famed crushed butterfly paintings, Williamson has embellished the broken butterfly with delicate panels of beading and gems that pick out the highlights of its iridescent scales. Each individual sequin stands proud of the canvas at varying heights, giving the beading a three-dimensional, contoured relief, like a gorgeous exotic fungus sprouting from image.

Other designer/artist partnerships included in the project are Hussein Chalayan and Gavin Turk, Stephen Jones and Cerith Wyn Evans, Mary Katrantzou and Mark Titchner, Nicholas Kirkwood and Simon Periton, Peter Pilotto, Christopher De Vos and Francis Upritchard and Jonathan Saunders and Jess Flood-Paddock.

"2012 is such a momentous year. The Britain Creates 2012: Fashion & Art Collusion project to celebrate the London 2012 Festival is the perfect opportunity to showcase unique talent within the UK in the creative industries and echoes the special relationships within. The pieces of art and accompanying book will leave a great legacy to reflect on this special year," said Harold Tillman, Chairman of the British Fashion Council.

All pieces will be exhibited to the public throughout the London 2012 Festival - at the V&A from July 6 until July 29, followed by an installation in Selfridges 'Wonder Windows' programme from July 30 until August 19. Additionally, an accompanying a box-set which includes two books, nine posters of the finished artworks along with a CD containing an audio track collaboration will be available to purchase for £35, available from all major book shops, galleries and fashion retailers.